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AlgoTrend
Jul 8, 2020 7:25 PM

Parabolic Move in Apple Won't End Well Short

Apple Inc.NASDAQ

Description

The last 4 parabolic moves saw Apple's stock decline anywhere between -29 to -40% (from break of curve NOT high). My last analysis on Apple saw nearly a -32% drop. If history repeats itself, another windfall in Apple is in the making and another big score to come.

This is not a recommendation to buy or sell Apple. Before investing or trading, please do your own dues diligence or contact your financial advisor for guidance.
Comments
ogdabber
I’m with you on this, I’d much rather short when white flag is clearly up than irrationally pump this higher, but I do see possibility for this to go up to 500+ (~550) if this continues, and then likely see a well deserved reversal from there... this could all happen within next few months
AlgoTrend
@ogdabber, too many traders get burned shorting into run up and Apple could continue to run with money still pumping into tech. I'm much more patient and will wait for my algorithm to signal downturn.
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